Tue, 21-Oct-2025

Biden, Fed chair discuss US inflation at White House

President Joe Biden will hold a rare White House meeting with Federal Reserve Chairman Jerome Powell on Tuesday to discuss soaring inflation and White House efforts to tame the politically damaging price surge ahead of the midterm elections. Biden and Powell will “discuss the state of the American and global economies,” according to the White … Read more

Fed wants to rose rates quickly but won’t know where to end

Jerome Powell

Federal Reserve Chairman Jerome Powell is moving monetary tightening right into a higher gear. His intention sounds straightforward — elevate interest rates to “impartial,” a putting that neither spurs nor slows boom. Even in regular times, no one knows where this theoretical level is. And those are not regular times. There are accurate reasons to … Read more